Wisdom of the CrowdsAsk enough people to estimate something, and the average of their guesses will get you surprisingly close to the right answer. Counting CabsThink you can estimate better than the masses? Find out here. One-Minute ExperimentTry this simple test of the wisdom-of-the-crowds concept yourself. Ask the ExpertStatistician Ed George from the Wharton School answers your questions on averages, means, medians, and much more. Video ExtraFind out how averaging guesses helped locate a lost sub.
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© | Created June 2008 |